Today: Jul 22, 2024

True Anomaly goes cosmic, nabs $100 million for space safety.

7 months ago

Space security start-up company, True Anomaly, based in Colorado has successfully raised $100 million in a series B funding round. The funding round was led by Riot Ventures, aimed toward developing space security technology.

  • True Anomaly was founded in 2022, with the aim of improving security in space and retaining US dominance in space power.
  • The company builds spacecraft for live and simulated operations, and has obtained an impressive amount of funding through investments and contracts.

The funding will be utilized for investment in products, services, and staffing to develop True Anomaly’s technology offerings. To date, the company has raised $30 million including a $17 million series A funding. True Anomaly also secured a $17.4 million Small Business Innovation Research contract from the U.S. Space Force.

They create software applications that combine powerful analytics and AI capabilities – Mosaic software is an integrated operating system designed for every aspect of space domain awareness and security. The software would provide improved efficiency across the spectrum of Space Domain Awareness (SDA) operations.

Moreover, the company also constructs spacecraft, in particular, an autonomous vehicle called Jackal designed for live and simulated rendezvous and proximity operations. The first two Jackal spacecraft are set to launch into Earth orbit next year for a test mission on the SpaceX’s Transporter-10 rideshare. The mission will test various tracking and rendezvous systems of the Jackal.

In the long term, True Anomaly plans to deploy thousands of satellites to help the U.S. military monitor objects and activities in orbital space.